The company reported standalone net profit of Rs 886.53 crore for the quarter ended December 31, 2017 as compared to Rs 595.16 crore in the same period last year, registering a year-on-year growth of 48.96 per cent.
Net revenue of the company declined marginally by 1.15 per cent at Rs 2,469.03 crore in October-December quarter of this fiscal as against Rs 2,497.71 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 14.40 per cent to Rs 1,259.17 crore from Rs 1,471.07 crore in year ago period.
Other Income dipped by 28.70 per cent at Rs 111.14 crore versus (Dec'16 Rs 155.88 crore).
Operating Profit surged by 17.85 per cent to Rs 1,209.86 crore as against Rs 1,026.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.22 per cent in December quarter.
Interest grew by 110.94 per cent y-o-y to Rs 11.18 crore, while Taxation increased by 50.76 per cent at Rs 490.95 crore (Dec'16 Rs 325.65 crore).